Gujarat Victory Forgings, one of the leading metal and alloy manufacturers, had filed preliminary papers with the market regulator SEBI to raise funds via an Initial Public Offering (IPO).
According to the draft papers filed on March 30, the IPO will include a fresh issue of up to 65 lakh equity shares and an offer-for-sale of up to 1.32 crore equity shares by the promoter.
The promoter Vijendrakumar Bishamber Gupta will be selling 1.32 crore equity shares via an offer for sale.
- The company will use the IPO money to expand its existing Unit III in Vadodara.
- Some funds to increase the production capacity of copper cathodes
- A part of the funds will be used to repay its existing debt.
- The remaining amount will be used for general corporate purposes.
The book-running lead manager of the issue is Monarch Networth Capital Limited and Nirbhay Capital Services Private Limited. The registrar of the issue is KFin Technologies Limited.
Gujarat Victory Forgings is involved in the manufacturing of non-ferrous metal products. The company processes and recycles waste metal to create new metal products. Its product range includes very pure copper cathodes, Copper tubes and pipes, Copper ingots, Copper busbars, Copper rods, Copper alloy rods, Copper coils, and brass tubes and pipes.
Financially, in FY25, the firm generated a revenue of ā¹607.65 crore, a 18.87% increase from ā¹511.15 crore in the previous year.
At the same time, in FY25, the profit stood at ā¹20.38 crore, from the ā¹9.31 crore in FY24, indicating strong financial health. For more such updates and IPO-related queries, follow IPO Watch.
Gujarat Victory Forgings IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Gujarat Victory Forgings Company Financial Report
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2023 | ā¹547.41 | ā¹535.98 | ā¹6.09 |
| 2024 | ā¹515.46 | ā¹499.74 | ā¹9.31 |
| 2025 | ā¹614.11 | ā¹584.89 | ā¹20.38 |
| Sep 2025 | ā¹354.91 | ā¹327.24 | ā¹22.37 |
Gujarat Victory Forgings IPO Valuation – FY2025
Gujarat Victory Forgings IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ā¹3.35 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 23.42% |
| Net Asset Value (NAV): | ā¹12.90 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Jain Resources Recycling Ltd. | 7.16 | 61.62 | 31.56 | 21.87 | 7125.77 Cr. |
| Bhagyanagar India Ltd. | 4.38 | 33.30 | 6.76 | 64.82 | 1625.61 Cr. |
Objects of the Issue
- Financing the capital expenditure requirement towards expansion of our existing Unit III at Vadodara by increasing the manufacturing capacity of copper cathodes;
- Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Company; and
- General Corporate Purposes.
IPO Lead Managers aka Merchant Bankers
- Monarch Networth Capital Limited
- Nirbhay Capital Services Private Limited
